RE:RE:RE:Xtract technologys Xtract cost $22.5M in 2019, and the Video tech cost $3.8M CAD in 2019. (Video purchase included 1.6M share + 277K shares at $2.00 Cad/share on Jan 10, 2019 acquisition). That's a cost of $26.3M in 2019, and 2 1/2-3 years later we have seen a total of $5.4M in Xtract contracts and under $4.0M in Platform sales (with $2.1M of that contingent of client trial successes). Total $9.5M. Actually Xtract is 20% better than Platform in sales for this period. (Note: Burn rate per year is $12M, so 3 years $36M, not including acquisitions)
NPV of $26.3M (2019) in today $'s is $29.2M.
But alas...those ostriches on this board just putting their head in the sand, waiting for billions to come in from the large venue space which was shut down with little to no revenue these past 2 Covid-19 years...so we all know they are rushing to buy new security tech. Heck Major League Baseball, even though they are on lockout for who know how long, are probably pounding on doors of security tech firms signing contracts for brand spanking new systems for all their stadiums (The Show/Pro, AAA, AA, A league stadiums)... LOL.
IN MY HUMBLE OPINION
... PATRIOT ONE NEEDS A MASSIVE INVESTMENT OR MASSIVE SALES EACH QUARTER... OR THERE IS NO WAY THEY MAKE IT BEYOND FY2022 / END OF JULY 2022 WITHOUT IT.
BUT ...AS I SAID, WE WILL SEE HOW SALES & RECOGNIZED REVENUE CAME IN FOR Q2 AT END JAN 31, 2022 ON MARCH 15 MD&A SEDAR POSTING SOURCE: Patriot One Completes Acquisition of EhEye Inc. Video Threat Recognition Software
https://www.globenewswire.com/news-release/2019/01/10/1686097/0/en/Patriot-One-Completes-Acquisition-of-EhEye-Inc-Video-Threat-Recognition-Software.html